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Wednesday, August 27, 2014

Free NCDEX Agri Trading Tips Today

NCDEX Agri Commodities had been trading down specifically Chana and Soyabean. After trading on lower sides the soya oil prices are showing signs of recovery and coming up in today's trading session. On the lower levels it is getting short recovering. Festive season demand for the soya oil has supported the prices today but this support can not sustain for a longtime so it;s better to trade with cautions. 

NCDEX Chana is trading bearish today. Currently it is trading at below 2840 with a marginal fall of 0.5 percent. While October contract of NCDEX Chana is on higher side at 2900. Adequate production and stock of Chana has put the pressure on prices but ahead of festive season the prices are expected to move up.

NCDEX Commodity Free Trading Tips for Today: Sell NCDEX Chana Below 2840 for the Intraday Targets of 2827,2812,2792 ... Keep Stop Loss at 2866.

Free Base Metals Tips: Copper, Nickel

MCX Base Metals Trend Today: Base metal segment on MCX India is trading bearish today. All base metals are not getting any support from the American data. On London Metal Exchange (LME) all commodities are trading in a narrow range, the impact is clearly visible in commodity market in India. Most affected commodity today is copper on MCX which is trading down from it's previous close by 0.5 percent at around 424 while zinc, nickel, aluminium are also trading on lower side. There are no chances of recovery in base metal in the day trading session. If you are a intraday trader in base metals, we advice you to trade with strict support & resistance level.   

Monday, August 25, 2014

Commodity Trading MCX Tips Today Evening Session

In international market gold is trading at the lowest of last 2 months. In domestic market on Multi Commodity Exchange of India the gold is trading above 27800. Silver is trading around 42000. Interest rates are expected to go up in America next year based on this news dollar is trading at the high of last 11 months. In the evening session today traders are advised to sell gold while may take long position in the copper. Natural gas is also a good bet from profit point of view. On NCDEX soyabean was trading on lower side but recovered in the successive trading sessions.

Free Nifty Tips for Tomorrow & Nifty Trend


Indian share market zoomed in to make all time record high today. In the morning market opened up
on the positive note today. During the whole day market maintained the positive up side trend but in the last few hours of trading session, market closed on the flat note to negative note. Nifty closed 6 points down from it's previous close of the day at 7906 while sensex managed to get closed on green note at 26,437. Today stocks of BHEL, TCS, Dr Reddy's Labs, Maruti Suzuki, HUL were among the top 5 gainers while Jindal Steel, Hindalco, Tata Steel, Sesa Sterlite and Tata power.

For Tomorrow our experts are expecting market to maintain and extend the uptrend momentum further. The stocks that will be in focus tomorrow are  BHEL, Hindalco, banking sector stocks etc. Nifty is expected to take support at around 7876 while resistance can be seen at 7950. 

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Friday, August 22, 2014

Free Trading Tips for Monday

Indian stock market was trading in the fine tune for the last week. Nifty & Sensex both benchmarks
made all time high this week. So next week if nifty falls, short term traders & investors must make strategies to invest in. Nifty is currently trading around 7800 sometimes up & sometimes down. Well the possibilities of fall down in the stock market are very low at least for next 1-2 weeks. In upcoming trading sessions Sugar & banking stocks are going to zoom in. Atul Auto, Bajaj Hindustan, Canara Bank, State Bank of India, Balrampur Chini, Bank of Baroda, PNB are the some shares that you may invest in for good returns. 

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Bullion MCX Gold Weekly Review & Trading Tips


Price of Gold fell down Rs 140 in the markets quoting at Rs 28,140 per 10 grams in Delhi on weak cues from the global markets, amid subdued demand from jewellers.

Gold demand about 40% lower in the last quarter

In the time period of April-June 2014, the never-ending demand for Gold slumped 39 percent coming down to 204.1 tonne from the last record at 283.7 tonne in the first calendar quarter of 2014. World Gold Council (WGC) said, "India's demand for the precious yellow metal fell in the second calendar quarter as investors are hoping see a fall down in the high prices of the commodity."

On yearly comparison, the second calendar quarter standing at the demand of 204.1 tonne of Gold in 2014, demanded 133 tonne more last year as the consolidated demand of the same quarter in 2013 was 337.0 tonne. India's demand for Gold declined 41 percent in Rupee values over the corresponding quarters in the second quarter of the 2014 over 2013. Value of the gold demanded slipped from Rs 85,533.8 crore in April-June 2013 to Rs 50,564.3 crore in the same time frame.

Managing Director of WGC's Indian branch Somasundaram PR said, "The potential buyers of the commodity hoped to acquire gold at the price levels of Rs 25,000 but the uncertain rates due to election of new government tamed down the demand for the quarter." According to Somasundaram's the fall in demand is temporary and the only reason for the steep decline is attributing to higher expectations of investors from the government to lower Gold price by easing restrictive norms. Further, the next quarter will show a clearer picture of the demand curve. On the other hand, he pointed out to a little hope that India is able to curb the high rising demand for the commodity.

"However, when we look at the long-term averages and compare them on review of the preceding five years, Gold's demand in the time frame considered, i.e. Q2 of calendar year, remained high eradicating the changes in policies and other economic factors which encouraged other saving options," Somasundaram added. The precious metal is useful  aesthetically in creating precious jewelery in India. Jewelers demand for the commodity dropped from 188 tonne to 154.5 tonnes equal to 18 percent in the Q2 of calendar year 2014. 

In terms of rupee, the demand from jewelers fell by more than 20 percent as it recorded sale of Rs 47,716.2 crore in consolidated period in 2013 and Rs 38,269.5 crore this year. In investment view, the consolidated demand for the quarter came down 67 percent which equals 49.6 tonne holding investors demand at 149 tonnes. In currency valuation, gold demand for the quarter fell from Rs 37,817.6 crore recorded in Q2 of 2013 to Rs 12,294.8 crore in the same duration this year. "We believe that as the price of gold is leveling to a steady rate and governance in stabilized in the country, the demand is going to tip up in the third quarter," said Somasundaram.

Other reasons which might raise gold's demand in the Indian market include, the positive influx from monsoon outputs and the upcoming wedding season when demand from jewelers generally rises. India is having about 22,000 tonne of gold which accumulates over a trillion US dollars, Somasundaram said, adding therefore, as a developing economy the country can use the resources for growth in various sectors.




Thursday, August 21, 2014

Commodity Market Face Today : Live MCX Tips

Crude Oil Latest Updates: Crude Oil on Multi Commodity Exchange of India is moving down continuously for the second day. On NYMEX crude prices dropped yo 90 dollar. Brent crude oil also moved down. In domestic market crude oil prices slipped but natural gas surprisingly went up in the initial trading hours. Germany and Italy confirmed to supply the arms to the Iraq. Despite all these crude oil supply didn't get affected. In such situations the decreasing reserve of Crude oil is also a major concern. Manufacturing data disappointed the commodity market traders specifically crude one.

MCX Gold Silver Updates: MCX Gold and silver are trading on consolidate to bearish trend today. Following the foot prints of global commodity market bullion commodities are trading on lower side today. In the last 10 trading days gold prices have reduced by 3% to 28000 per 10 gm. Silver is also trading down by 0.75% and trading below 42000. Increase in the interest rate before the scheduled one in the America put further pressure on gold & silver.

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Disclaimer

The usage of this blog confirms to the policy that the investment in stock market has inherent risks and author or his clients may or may not be following the recommended.The author will not be held responsible for any loss incurred by following the advice.